Can't say I'm impressed!
I just saw a advertisement for a Mastercard on MuchMusic - the Canadian version of MTV. The ad was marketing a credit card to teens. At the end of the ad there was some captioning on the screen about kids ages 13 and up and something about parents needing to give permission.
I think it is a prepaid credit card. But to my mind, teens don't need credit cards before they are able to even properly manage their allowance.
The entire ad is talking about freeing teens from parental control of how they spend their money. Sounds more like a quick way to hook kids into using a credit card to me. Get them hooked on a credit card early and they'll be paying you interest payments forever. Nice eh?
Two thumbs down for Mastercard and MuchMusic
I'm so glad I don't own a MasterCard cause if I did I think I'd close it immediately.
Oh just updating this to mention the $39.95 one year "membership fee" plus the $1.50 charged each time Mommy or Daddy reloads it plus a whole host of other fees ... nice deal for Master card ...